₦airaland Forum

benardtotti:
Since you have no idea what you are debating, let me leave you in your ignorance , ignorance they say is bliss , 5 to 7 years from now I will come back here ( if God spares our lives) to remind you of your ignorance, hopefully before then you would have reversed yourself and borrowed knowledge.

I don't know yes but you know abi? You be insider

Lmaooo bros stop running come and tell us the economic benefits of the train that would warsnt us borrowing to build it oga

Come and tell us don't run

arcbaba:
You dont seem to understand the benefit of effective transportation to economic growth, business and development. It transcends cashback, has multiplier effect on growth. I currently run a project in Kaduna with my business based in abuja. I am able to plan my movement and cummute with ease, both my abuja and kaduna business are running smothly, imagine knowing you cannot miss an appointment beacuse the train is always on time no delays or hitches. This is what investors look at to make business investment decisions

This is beside the provision for haulage of goods across great distances at a fraction of the normal cost with relative ease as compared to road.

As ineffective as the rails are currently, much more can be gained from the system over the long run IF, its run efficiently.

benardtotti:
Since you have no idea what you are debating, let me leave you in your ignorance , ignorance they say is bliss , 5 to 7 years from now I will come back here ( if God spares our lives) to remind you of your ignorance, hopefully before then you would have reversed yourself and borrowed knowledge.

He said he doesn't have the full details of it, you who claimed to, instead of availing him of it, you are promising to come back and gloat in 5-7 years.

So much for not being ignorant.

mrvitalis:
U would never condemn Lagos metro it was not built with loans

Two Lagos is in a better financial situation than Nigeria

Your debt servicing to GDP ratio is 105% you manage to get loans and it's rail way you think of building? Is that not madness?

No it is not. As I tried to explain and you appear to struggle to understand infrastructure is key to wealth distribution. You cannot address poverty by saving money. It may work in Anambra but it cannot work in a cosmopolitan city like Lagos, PH or Kaduna. If uou don't implement infrastructure then your investments in industries are economically marooned by high cost of raw material and cost to market. You are also marooned for talent. No closed system can prosper no matter how hard it saves.

benardtotti:
Stop educating him , when other regions leave his region behind infrastructure wise ,they will come here to still complain .

You are right. He seems somewhat obtuse.

mrvitalis:
You obviously haven't owned a factory

The best loan you can get in Nigeria is 25% interest and you start paying immediately

Bros carry heavy duty machines, petroleum products and the rest.... Were this things lacking before now? Did anyone in the North tell you their issue is how to move goods and machines..

Have you seen any machine on those trains?

The imported goods how do they move them

Trains are good but borrowing to build trains is foolishness

Lol if you busy is your thing then you will understand that getting loans in Nigeria is only hard for small businesses and not the big businesses. From the cbn to banks have all their loans tailored to favor big businesses trust me I know. I was with a retired nnpc operational manager last when his bank was telling him he is overdue for a loan because of his fund with them, he told them he doesn't need it. Cbn also a lot of loan in place, you as a small business owner won't fit into the plan.

And for the other part yes the railways will take care of what I mentioned. You said they are not complaining, do you know the cost diesel and the amount to rent a truck for that long distance not to mention the numerous ticket and sorting of agberos on the road before the goods gets to it destination.

The current railway are still underutilized, it is meant for passengers alone though I doubt if the carts for goods are in the country for now.

Well if you are saying borrowing for everything single we want to do is bad, I agree with you.

aQUINandmore:
abeg which kind mumu children come full dis politics section for nairaland sef, abeg make una dey stick to romance section abeg
Make I help you with few benefits here.
*Reduction in Road Congestion: The Abuja kaduan rail system has led to a decrease in road congestion, as more people and goods opt for rail travel. This, in turn, reduces wear and tear on roads and lowers maintenance costs, benefiting the local and national economy.

*Enhanced Productivity: The Abuja kaduna rail ensures reliability and punctuality for people and businesses along the Abuja kaduna corridor, the rail service allows businesses to better plan and optimize their supply chains. This predictability and efficiency in logistics can leads to increased productivity and cost savings for industries relying on transportation.

*Improvement of Livelihoods: Access to the rail system has improved the livelihoods of individuals living in Abuja, Kaduna, and the surrounding areas. It has expanded the pool of employment opportunities, increased access to education and healthcare, and improved overall living standards, indirectly contributing to the economic well-being of the population.

*Job Creation and Economic Development: The construction and operation of the rail system have generated employment opportunities, directly and indirectly. The infrastructure development phase created jobs in construction, while the operational phase continues to provide employment in various roles, including train operators, station staff, and maintenance personnel. Additionally, the improved connectivity has attracted investment and business development in the region, fostering economic growth.

*Boost to Regional Trade and Commerce: The improved transportation infrastructure has stimulated regional trade and commerce. Businesses can now more easily transport their products to different markets, and consumers can access a wider range of goods and services. This has contributed to economic growth and the expansion of local businesses.

*Enhanced Connectivity and Accessibility: The rail system has improved connectivity between Abuja, the capital city, and Kaduna, a major economic hub in northern Nigeria. This increased accessibility has facilitated the movement of people and goods, supporting business activities and trade between these two important cities.

*Reduction in Transportation Costs: The rail system provides a more cost-effective mode of transportation for both passengers and freight. By offering an affordable and efficient alternative to road travel, it has helped to reduce transportation costs for individuals, businesses, and industries in the region.

the Abuja-Kaduna rail system has provided economic benefits by enhancing connectivity, reducing transportation costs, boosting regional trade and commerce, creating job opportunities, and attracting tourism and investment. These advantages have not only improved the quality of life for residents but have also contributed to the overall economic development and prosperity of the region, I no say you fit no even understand all these things sef.

I hope you have learnt a few things, now run along

I want to believe he specifically asked about Abuja to Kaduna route.

1. Abuja to Kaduna never had a congestion issue, it was basically a bad road issue so this point doesn't really fly. Besides, it is a passenger train so the goods part is somewhat hazy.

2. For now, this doesn't really count aside being able to meet up with appointments in Abuja or Kaduna on time, nothing with regards to PRODUCTivity as you say it because the supply chains you are talking about is none existent since it is still a passenger train.

3. Job creation, i will agree with this no matter how small compared to the investment on it.

4 and 5. Doesn't hold water since it is still a passenger train, when it starts moving goods like trailers and tankers do, then we can agree to this (Note: it is 5 years already). We need to build on the goods part so this benefit can manifest.

6. Traveling via road is still cheaper, both before subsidy removal and after, i chose the train because the comfort is levels far above road transport.

mrvitalis:
You spend over $3 billion dollars for rail ways and you are expecting $170 million dollars in
10 years ..... Am sure it cost more than $50 million to run these trains yearly


My issue is we Borrowed money to build this rubbish trains that has little or no economic benefits... How can you borrow money to build something that would make u spend more money

Socialism is anti development

If $3 billion dollars were given to pharmaceutical companies in Nigeria since 2015 as a loan at 5%

1) we would have that money back again plus 5% interest
2) we would be a net exporter of drugs earning dollars
3) companies revenues would grow increasing government revenue
4) thousand would be employed increasing payee tax
5) GDP would have grown by at least 8 billion dollars

If we give that to garment factory
If we used that money to revive aluminum company in ikot ekpene
If we used that money to help glass importers set u floating glass factory
If we used that money to help Leather works industry
If we used that money to make improved agriculture seedlings available


Each of this would yeild more

Just like the useless awolowo cocoa house that can never break even in this life or the next... Nigerian APC leaders like feel good projects...
To them economic viability is not important
Just build it let people praise us

I disagree in all entirety.
In as much as the pharmaceutical industry seems viable, I believe the rail is more viable. Nigeria just have to look at the business side of things.
The minister can invite major transporters like Ekeson, Chisco, Bonny way , ABC transport etc into the railway to privatize it. These experienced transporters should be allowed to own their trains and manage it. The Ministry should only set standard and regulation and provide infrastructure for rail transport. This private transporters should pay the government a contractual fee. With this the government can recoup its investment in projected time

luizpippo:
He said he doesn't have the full details of it, you who claimed to, instead of availing him of it, you are promising to come back and gloat in 5-7 years.

So much for not being ignorant.

It is not for me to enlighten him , if he truly was interested in critical analysis he would have availed himself of all the necessary details about the rail project before coming here to completely discredit the project , it will be a waste of time for me t0 start educating him now , the honest truth is he already has a bias on his opinion and me trying to enlighten him won't change his narrative ,that's why I said few years from now when the statistics on what the railway has achieved is active then I will remind him .

benardtotti:
It is not for me to enlighten him , if he truly was interested in critical analysis he would have availed himself of all the necessary details about the rail project before coming here to completely discredit the project , it will be a waste of time for me t0 start educating him now , the honest truth is he already has a bias on his opinion and me trying to enlighten him won't change his narrative ,that's why I said few years from now when the statistics on what the railway has achieved is active then I will remind him .

Agreed you are at liberty to withhold whatever details you had, but giving it out would have been helpful to others as well.

Cheers

pharmagba:
I disagree in all entirety.
In as much as the pharmaceutical industry seems viable, I believe the rail is more viable. Nigeria just have to look at the business side of things.
The minister can invite major transporters like Ekeson, Chisco, Bonny way , ABC transport etc into the railway to privatize it. These experienced transporters should be allowed to own their trains and manage it. The Ministry should only set standard and regulation and provide infrastructure for rail transport. This private transporters should pay the government a contractual fee. With this the government can recoup its investment in projected time

Privatise what rail do you know how much tickets has to be to he profitable? How many Nigerians can pay it?

Blakjewelry:
Lol if you busy is your thing then you will understand that getting loans in Nigeria is only hard for small businesses and not the big businesses. From the cbn to banks have all their loans tailored to favor big businesses trust me I know. I was with a retired nnpc operational manager last when his bank was telling him he is overdue for a loan because of his fund with them, he told them he doesn't need it. Cbn also a lot of loan in place, you as a small business owner won't fit into the plan.

And for the other part yes the railways will take care of what I mentioned. You said they are not complaining, do you know the cost diesel and the amount to rent a truck for that long distance not to mention the numerous ticket and sorting of agberos on the road before the goods gets to it destination.

The current railway are still underutilized, it is meant for passengers alone though I doubt if the carts for goods are in the country for now.

Well if you are saying borrowing for everything single we want to do is bad, I agree with you.

Let me just ignore your loans issue because there is no point


Do you think rail transport would be cheaper than diesel transportation? Lmao in what planet does that happen?

How much is Lagos Ibadan rail even though it's heavily subsidized it's still far more expensive than bus

Left to run without subsidies it would he as expensive as plane

sukkot:
wee you kip kwayet. The profit from building trains is more than the direct profit but it is cumulative as people can now move around and do business and that’s more taxes for the government. Learn to think comprehensive bro. This 2 by 4 shop thinking no be how dem Dey build country oooo

i agree wit u

mrvitalis:
You spend over $3 billion dollars for rail ways and you are expecting $170 million dollars in
10 years ..... Am sure it cost more than $50 million to run these trains yearly


My issue is we Borrowed money to build this rubbish trains that has little or no economic benefits... How can you borrow money to build something that would make u spend more money

Socialism is anti development

If $3 billion dollars were given to pharmaceutical companies in Nigeria since 2015 as a loan at 5%

1) we would have that money back again plus 5% interest
2) we would be a net exporter of drugs earning dollars
3) companies revenues would grow increasing government revenue
4) thousand would be employed increasing payee tax
5) GDP would have grown by at least 8 billion dollars

If we give that to garment factory
If we used that money to revive aluminum company in ikot ekpene
If we used that money to help glass importers set u floating glass factory
If we used that money to help Leather works industry
If we used that money to make improved agriculture seedlings available


Each of this would yeild more

Just like the useless awolowo cocoa house that can never break even in this life or the next... Nigerian APC leaders like feel good projects...
To them economic viability is not important
Just build it let people praise us

Government is not about profit maximization but creating an enabling environment, social amenities to increasing the standard of living of the masses. Aside the Nigerian corrupt practices, let's assume it is for profit, 70% of the masses won't afford it .

After reading comments on the 1st page, begin to question the sanity of Nairaland user. They are eager to comment on any new updates with make use of the best part of their brain.

E-Ticketing that we have been using for the past 4 years is what they are launching?

Even The new design looks like what a small budget application, full of bugs and sure the source code will be terrible.

People's should be careful of the railway transportation due to security,All they know is to increased revenue,but the safety of peoples in the railway isn't guarantee.. People's should make choices...

seunlayi:
Some railway workers I know started wearing this mournful look some days ago especially this guy that will always says that anybody that is hungry or broke in this Tinubu is lazy, I never knew that a new development about e-ticketing is coming up
E don red for them

😁😁😁
Don't mind them.
Yeye people

When they are eating with mouth full, everyone else is lazy

Something that should have been done from the onset like it happened with the Blue Line.
We thank God sha.

mrvitalis:
You spend over $3 billion dollars for rail ways and you are expecting $170 million dollars in
10 years ..... Am sure it cost more than $50 million to run these trains yearly


My issue is we Borrowed money to build this rubbish trains that has little or no economic benefits... How can you borrow money to build something that would make u spend more money

Socialism is anti development

If $3 billion dollars were given to pharmaceutical companies in Nigeria since 2015 as a loan at 5%

1) we would have that money back again plus 5% interest
2) we would be a net exporter of drugs earning dollars
3) companies revenues would grow increasing government revenue
4) thousand would be employed increasing payee tax
5) GDP would have grown by at least 8 billion dollars

If we give that to garment factory
If we used that money to revive aluminum company in ikot ekpene
If we used that money to help glass importers set u floating glass factory
If we used that money to help Leather works industry
If we used that money to make improved agriculture seedlings available


Each of this would yeild more

Just like the useless awolowo cocoa house that can never break even in this life or the next... Nigerian APC leaders like feel good projects...
To them economic viability is not important
Just build it let people praise us

I do respect people's opinion;but never have I seen an argument so dumb... Chai
You need to read up on the essence of transportation to the economy. We are not making progress today as a nation because we are not harnessing and putting that sector into good use

This is not about apc or pdp. Chai Chai.. I'm surprised this is typed by a supposed educated person. Chai

Yemmysworld91:
I do respect people's opinion;but never have I seen an argument so dumb... Chai
You need to read up on the essence of transportation to the economy. We are not making progress today as a nation because we are not harnessing and putting that sector into good use

This is not about apc or pdp. Chai Chai.. I'm surprised this is typed by a supposed educated person. Chai

Lmaooo bros train is good yes but borrowing to build train that can't repay the loans when your debt servicing is already 105% is foolishness

They are feel. Good projects not economically viable

mrvitalis:
Lmaooo bros train is good yes but borrowing to build train that can't repay the loans when your debt servicing is already 105% is foolishness

They are feel. Good projects not economically viable

You should have presented the point this way and not the way you initially posted it... Apologies for calling your argument dumb but I was just pissed.

Governments from the military before Buhari near shambolic administration ought to have find a way to ensure the efficiency of the railway but unfortunately they didn't.
Bad has borrowing to build it may be, but in the long run I think we can enjoy the benefits especially in the carriage of products around the country. Shalom

Yemmysworld91:
You should have presented the point this way and not the way you initially posted it... Apologies for calling your argument dumb but I was just pissed.

Governments from the military before Buhari near shambolic administration ought to have find a way to ensure the efficiency of the railway but unfortunately they didn't.
Bad has borrowing to build it may be, but in the long run I think we can enjoy the benefits especially in the carriage of products around the country. Shalom

Rails can't be profitable because Nigerians are too poor to pay what would make them viable